Announcement of Application for Selection of Prime Market in Tokyo Stock Exchange New Market Segments
November 12, 2021 at 09:47 am IST
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Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
November 12, 2021
Daido Metal Co., Ltd.
Seigo Hanji
Chairman and Chief Executive Officer (Code) 7245 TSE and NSE 1st Section (For inquiry)
Hiroki Iwakura Executive Officer
Head of Corporate Planning Division
(TEL: +81-52-205-1400)
Announcement of Application for Selection of Prime Market in Tokyo Stock Exchange New Market Segments
Daido Metal Co., Ltd. (hereinafter, "the Company") announces that at the Board of Directors Meeting held today it resolved to select and apply for listing on the Prime Market of the Tokyo Stock Exchange (hereinafter "TSE") in line with TSE's transition to new market segments.
The Company received the results of its initial assessment from TSE on July 9,2021, confirming that the Company fulfilled the requirements for the Prime Market in the new market segments.
Henceforth, the Company will proceed with the prescribed application procedures for selection of the new market segment in accordance with the application schedule set by TSE.
(End of document)
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Daido Metal Co. Ltd. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 04:16:10 UTC.
Daido Metal Co., Ltd. is a Japan-based company engaged in the manufacture and sale of bearings. The Company operates primarily in four business segments. The Automobile Engine Bearing segment and Automobile Bearing (Except Engine) segment are involved in the manufacture and sale of bearings for automobile engines, as well as bearings for shock absorbers, pump bushes for power steering, bearings for turbo chargers, bearings for balancer mechanisms. The Non-Automobile Bearing segment offers engine bearings for ships and construction machineries, water turbines for hydroelectric power generation, turbines for power generation, compressors, speed increasing and decreasing bearings and others. The Parts of Non-Automotive Bearings provides parts, including bending pipes, knock pins and NC cutting products. The others provides real estate leasing business, metallic non-lubricated bearing business and pump related products business.
DAIDO METAL CO., LTD. 
